April 14, 2022 This week, mortgage rates averaged five percent for the first time in over a decade. As Americans contend with historically high inflation, the combination of rising mortgage rates, elevated home prices and tight inventory are making the … Continue reading
For Week Ending April 2, 2022 The median national home price recently hit a new all-time high of $405,000 in March, a 13.5% increase annually, according to Realtor.com’s latest Monthly Housing Trends Report. As home prices continue to rise, the … Continue reading
April 7, 2022 Mortgage rates have increased 1.5 percentage points over the last three months alone, the fastest three-month rise since May of 1994. The increase in mortgage rates has softened purchase activity such that the monthly payment for those … Continue reading
For Week Ending March 26, 2022 Mortgage rates have surged recently, jumping to 4.42% the week ending March 24, up more than a quarter of a percentage point compared to the previous week, Freddie Mac reports. Rates have increased 1.2% … Continue reading
March 31, 2022 Mortgage rates continued moving upward in the face of rapidly rising inflation as well as the prospect of strong demand for goods and ongoing supply disruptions. Purchase demand has weakened modestly but has continued to outpace expectations. … Continue reading
The U.S. real estate market remains hot ahead of the spring selling season, with existing home sales up 6.7% as of last measure. Experts attribute the growth in sales to an uptick in mortgage interest rates, as buyers rushed to … Continue reading
